Railways’ freight earnings up by 16% -Governance Now

Railways’ freight earnings up by 16%

Freight loading of 1243.46 MT achieved by January – 7% rise over last year loading

GN Bureau | February 6, 2023

#Railways #economy #infrastructure

(GN Photo)

On mission mode, Indian Railways' Freight loading for first ten months of this financial year 2022-23 has crossed last year’s loading and earnings for the same month.

On cumulative basis from April 2022 to January 2023, freight loading of 1243.46 MT was achieved against last year’s loading of 1159.08 MT, an improvement of 7%. Railways have earned Rs 13,5387 crore against Rs 11,7212 crore over last year which is an improvement of 16% as compared to the same period of last year, an official note said on Monday.

During January, originating freight loading of 134.07 MT has been achieved against loading of 129.12 MT in the same month last year, which is an improvement of 4% over last year. Freight revenue of Rs. 14907 crore have been achieved against Rs 13,172 crore freight earnings in January 2022, an improvement of 13% over last year.

Following the mantra of “Hungry for Cargo”, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non conventional commodity streams. The customer centric approach and work of Business Development Units backed up by agile policy making helped Railways towards this landmark achievement.

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